For the first time since records began female junior executives are earning as much as their male counterparts.
Today’s annual salary survey from the Chartered Management Institute (CMI) shows that although progress has been made at the junior executive level, men continue to be paid more on average than women at senior levels.
Responding to today’s report a Home Office spokesperson said: ’The gender pay gap between male and female senior executives is completely unacceptable. While progress at junior executive level is welcome, it’s clear much more must be done.
‘That’s why the Government has taken clear action to promote equal pay. We’ve changed the law to allow men and women to talk about their pay so they can find out if they are being paid unfairly and we’re working with the CBI, TUC and others to develop a framework for gender equality reporting.
‘For too many women the struggle to balance work and family life can affect their pay. We are committed to a new system of flexible parental leave and on extending the right to request flexible working to all employees, both of which will contribute to our work to closing down the gender pay gap.’